Monthly Archives: July 2022

Google will slow hiring for the third quarter, company insiders say

Hello and welcome to this newsletter. I’m Jordan Parker Erb, and you, dear reader, are about to get a heaped serving of news: From Google’s hiring slowdown, to Twitter’s lawsuit against Elon Musk, to Amazon Prime Day’s ongoing deals — it’s a big day in tech. Before we get started: We’re taking nominations for Insider’s 100 People…

Elon Musk accused Twitter’s lawyers of trying to ’cause trouble’ by asking for info on how he’d finance deal to buy the company, texts to CEO show

Twitter filed a lawsuit against Elon Musk in Delaware court on Tuesday Alexi Rosenfeld / Contributor / getty Musk accused Twitter lawyers of trying to “cause trouble” by probing into his finances, per Twitter’s lawsuit. He texted Twitter CEO Parag Agrawal and CFO Ned Segal, “it needs to stop” on June 28.  Musk was slow…

Twitter says Elon Musk is trying to abandon his deal to buy the company because his Tesla shares tanked

Elon Musk. Andrew Kelly/Reuters Twitter sued Elon Musk over the billionaire’s attempt to abandon his proposed acquisition of the company. Twitter’s lawsuit says Musk is trying to abandon the deal because his personal wealth has fallen. Tesla stock has dropped almost 30% since Musk first agreed to buy Twitter, costing Musk $65 billion. Twitter sued…

Russia’s replacement for McDonald’s bans customers from taking photos after running out of fries and reportedly serving moldy burgers

One Vkusno & Tochka outlet has banned visitors from taking photos, Russian media reported. Evgenia Novozhenina/Reuters One Vkusno & Tochka restaurant has banned customers from taking photos, Russian media reported. The move follows reports that the rebranded McDonald’s sold moldy burgers and ran out of fries. The chain confirmed the rule to Podyom and said…

Oil steadies around $100 a barrel, but heads for 5th straight weekly loss as recession fears take hold

Oil is headed for its longest stretch of weekly loss this year. bymuratdeniz Oil recovered Wednesday after getting thrashed in the previous session over recession fears.  The global oil benchmark price however, is heading for its longest stretch of weekly losses this year.  Commodities are suffering against a weakening economic backdrop fueled by Russia’s war. …

An Iowa county is losing its only regular air service due to the pilot shortage, forcing residents to drive 3 hours to the next nearest airport

American Airlines’ decision to remove its air service could impact the local economy, says an Iowa business leader. American Airlines An Iowa business leader fears the local economy will suffer when it loses air service in September. American Airlines had previously announced back in June that it would withdraw service in Dubuque. The CEO of…

Watergate star witness predicts criminal charges after latest Jan. 6 testimony: ‘Trump is in trouble’

Stephen Ayres and and Jason Van Tatenhove, an ally of Oath Keepers leader Stewart Rhodes, at a hearing of the January 6 committee on July 12, 2022. Demetrius Freeman/The Washington Post via Getty Images/POOL John Dean, a former White House counsel and a Watergate witness, weighed in on the Jan. 6 hearings. Dean said evidence…

Google slows hiring and says the company needs to be ‘more entrepreneurial’

Google has announced that will slow its pace of hiring for the rest of 2022 and told employees to “be more entrepreneurial,” Bloomberg reported. Much like Meta and other tech companies, CEO Sundar Pichai cited an “uncertain global economic outlook” for the change of pace and said that the company would consolidate operations and streamline…